Proposed Troy BID clears hurdle - The Business Review (Albany):

http://afamilyplace.com/user_detail.php?u=jeowergom
cleared a critical hurdle. Less than half of the property owners inside the district boundaries filed objections with the city clerkj by the June1 deadline, according to Elizabeth Young of the Troy Downtowh Collaborative. Young said 73 objections were filed, which fell far shor t of the majority-plus-one that was needed to stop the “I think the support we’ve received throughout the process has been she said. She said there were 217 commerciakl property owners inthe district. Earlier this week Younhg said there were 256property owners, but she corrected that by sayinyg some owned multiple parcels.
City Clerk Bill who was in charge of countingthe didn’t return calls for comment. Youngf is among a group of merchants and property owners in favor ofthe BID. If it would impose an additional fee on commercial property ownersz to fund marketing andbeautification efforts. The next step is a publif hearing and vote by the Troy City Council on whethere to pass a local law creatingthe district. The publifc hearing is scheduled for July 9at 6:45 p.m. in City If the law is approved, the state comptroller’s office has 60 days to approve or reject the proposed BID, Young said.